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Updated about 3 years ago,

Julio Velazquez's profile image
Julio Velazquez's profile image
Julio Velazquez
  • from East Elmhurst, Ny
  • Member since Oct 13, 2017
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User Stats

125
Posts
27
Votes
Julio Velazquez's profile image
Julio Velazquez's profile image
Julio Velazquez
  • from East Elmhurst, Ny
  • Member since Oct 13, 2017
Connect
Julio Velazquez
  • East Elmhurst, Ny
27
Votes |
125
Posts
Tax, SDIRAs & Cost Segregation

How to file for taxes as a wholesaler.

Julio Velazquez
  • East Elmhurst, Ny
Posted

I just started wholesaling, I haven’t landed a deal yet. However, I do have a few offers I’m waiting to hear back on. In the mean time I want to know how does taxes work for wholesalers. If I make $20k from a deal how much of that should I be setting aside for taxes..

Currently do not have a CPA, actively trying to find one in the CT AREA.

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